I just finished listening to the conference call and I wrote down the following information concerning the relationship between the SOR and the barrels of bitumen per day produced.
- Dick Gusella stated that to reach 10,000 bbl/d of bitumen production we need an SOR of 2.7 at POD1
- He stated that if the SOR is reduced to 2.2 with the use of solvents POD 1 could produce 12,000 bbl/d of bitumen
- Dick Gusella stated that if Algar's SOR is reduced to 2.5 it will produce 12,000 bbl/d of bitumen.
- He stated that if Algar's SOR is reduced to 2.0 it will produce 15,000 bbl/d of bitumen.
- He later added that the difference between an SOR of 3 and an SOR of 2.7 at POD 1 is 1,000 bbl/d
Best Wishes; Scott